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Mar 31, 2023
Sachem Capital Q1 2023 Earnings Report
Sachem Capital's revenue increased by 42.8% and net income attributable to common shareholders increased for the quarter ended March 31, 2023.
Key Takeaways
Sachem Capital Corp. reported a 42.8% increase in total revenue to $14.7 million for the first quarter of 2023, driven by growth in lending operations. Net income attributable to common shareholders was approximately $4.2 million, or $0.10 per share.
Total revenue increased by 42.8% to $14.7 million compared to $10.3 million in the same quarter last year.
Interest income for the first quarter of 2023 was approximately $11.0 million, compared to $8.5 million in the 2022 period.
Net income attributable to common shareholders was approximately $4.2 million, or $0.10 per share.
Total assets increased to approximately $597.0 million, driven by growth in the mortgage loan portfolio and investment securities holdings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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